The asset involved in this lease transaction is an industrial property located at 421 Racetrack Road in Pompano Beach, Florida. The space covers 33,406 square feet and is leased at an asking rent of $18.50 per square foot. The lease term spans 7 years and 4 months and is classified as an NNN Lease.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $18.50/ft
• Square Footage: 33,406 SF
• Address: 421 Racetrack Road
• Market: Pompano Beach
• Landlord: Jamie Nicholson - Rockpoint
• Tenant: DVS Group
• Brokers: Larry Dinner & David Albert - CBRE; Harrison Easton - The Easton Group
• Lease Term: 7 Years and 4 months
• Lease Type: NNN Lease

DVS Group has secured the first lease at Rockpoint’s Race Track Logistics Pompano industrial park. This manufacturer specializes in LED Video Wall systems and intelligent stage lighting products. Additional space is still available for lease, ranging from approximately 32,506 SF to over 200,000 SF.